Issue link: https://digital.shearman.com/i/1468251
37 Terms of Executive Stock Ownership Guidelines 14 40 5 1 2 0 5 10 15 20 25 30 35 40 45 Multiple of base salary Retain percentage of shares acquired in connection with option exercises and equity awards (after taxes and costs) Percentage of shareholdings on a specified date plus percentage of shares awarded thereafter Ownership encouraged, not mandatory Unspecified guidelines Number of Companies